Mike is a retired stock broker, and now published author of Gold Rush!. In addition, he is a freelance writer specializing in real estate, personal finance and home decor now writing from San Miguel, Mexico.

The NY Times reports, “On Thursday, James Bullard, the president of the Federal Reserve Bank of St. Louis, warned that the Fedâ€™s current policies were putting the American economy at risk of becoming â€œenmeshed in a Japanese-style deflationary outcome within the next several years.â€

â€œThis is very significant,â€ Laurence H. Meyer, a former Fed governor, said of Mr. Bullardâ€™s new position. â€œHe has been one of the most hawkish members, but he is now calling for the Fed to ease aggressively. There seems to be no question he wants to do it sooner rather than later, and relatively forcefully.â€